**Comprehensive Integration of Ecosystem: BGB Becomes the Unified Ecosystem Token**
Bitget has announced a significant decision: to merge the Bitget Wallet Token (BWB) with the Bitget Token (BGB), making BGB the unified token of its ecosystem. This initiative aims to further integrate on-chain and off-chain application scenarios, bringing more value from the Bitget ecosystem to the BWB community.
**Rapid Growth and Future Positioning of BGB**
BGB Becomes One of the Mainstream Tokens
Over the past year, the number of BGB holders and its market capitalization have significantly increased, thanks to the support from Launchpool and the expansion of new application scenarios. According to the official statement, BGB will become the shared ecosystem token of the Bitget exchange and Bitget Wallet, further consolidating its important position in the blockchain ecosystem.
**Global Second Largest User Base, Moving Towards Web3 Leadership**
Bitget is currently ranked among the top three centralized exchanges in terms of global trading volume, offering comprehensive services that include spot, leveraged, and contract trading, attracting numerous high-quality startup teams to launch on its platform. On the other hand, Bitget Wallet is one of the largest Web3 wallets globally, boasting over 60 million users and covering mainstream Layer-1 and Layer-2 blockchain ecosystems. Following the merger, the total number of users across Bitget and Bitget Wallet will exceed 100 million, firmly securing the second position worldwide.
**Potential of BGB as the Ecological Fuel**
Expansion of On-chain Application Scenarios, Creating More Value for Users
After the merger, BGB will be integrated into mainstream public chains and top DeFi ecosystems, gradually becoming a core asset for mainstream lending and staking protocols. At the same time, BGB will be seamlessly embedded in Bitget Wallet, supporting multi-chain gas fee payments and Fair Launchpool functionalities. Additionally, starting from 2025, BGB will also expand into offline PayFi application scenarios, supporting various consumption scenarios such as dining, travel, fuel, and shopping, achieving a new solution that combines Web3, finance, and consumption.
**Token Exchange Details Between BWB and BGB**
Fair and Transparent Exchange Plan
The official announcement states that the exchange ratio between BWB and BGB will be calculated based on the 7-day average closing price from December 19 to December 25, 2024, with an exchange ratio of 0.08563 (BWB/BGB).
For example, a user holding 100,000 BWB will receive 8,563 BGB based on the exchange ratio. This token merger and exchange will not affect the total supply of BGB, nor will it issue additional BGB.
Bitget stated that this merger will accelerate the expansion of its ecosystem while enabling its users to better enjoy the appreciation opportunities of crypto assets. The positioning of BGB as the unified token further solidifies its status as a mainstream asset in the market.
**Why Did Bitget’s Platform Token BGB Surge?**
Chain News interviewed a Bitget spokesperson who stated that the continuous and insane rise in BGB’s price is not due to the logic of “meme coins,” but rather a genuine “value discovery.” In terms of overall performance, Bitget’s contract business trading volume and open interest consistently rank among the global Top 3; the spot business line has also been actively collaborating with notable startup teams through ongoing Launchpool initiatives in the second half of the year, allowing BGB holders to reap substantial profits. In the recently concluded LaunchX, we saw that the Fuel Network, which raised $80 million, was willing to allocate $5 million of its public sale at a low price to Bitget, fully reflecting the market’s recognition and expectations for the Bitget brand.
Today, Bitget also issued an announcement indicating plans to support the merger and token exchange of Bitget Wallet Token (BWB) and Bitget Token (BGB). From the perspective of Bitget Wallet’s fundamentals, the rapid and continuous growth of users and the ongoing iterations of products have not ceased: in September, Bitget Wallet’s downloads ranked second among global crypto applications, only second to Binance; over the past quarter, efforts have been made across various dimensions including meme trading products, ecosystem collaborations, simplifying multi-chain gas fee payments, launching the BWB center, and proposing a $20 million funding plan for Telegram Mini Apps.
**Risk Warning**
Investing in cryptocurrencies carries a high level of risk, and their prices can be highly volatile, potentially resulting in the loss of your entire principal. Please carefully assess the risks.